Sec. 1. A board of directors may authorize and the corporation may make distributions to its shareholders subject to restriction by the articles of incorporation and the limitation in section 3 of this chapter.
As added by P.L.149-1986, SEC.12.
Structure Indiana Code
Title 23. Business and Other Associations
Article 1. Indiana Business Corporation Law
Chapter 28. Distributions to Shareholders
23-1-28-2. Record Date, Declaration Date, and Payment Date
23-1-28-3. Prohibited Distributions
23-1-28-4. Basis for Determination That Distribution Not Prohibited